Silicon Valley, CA
Geeks. Founders. Startups.
The Internet Revolution.
Founding Partner & Sith Lord, 500 Startups
just to clarify: for our upcoming accelerator batch starting in April in Mountain View, our fund will be investing $100K per startup. in addition our incubator entity will charge a $25K tuition amount for the program that covers costs for our staff, office rent, and other services. the net amount to the companies will be $75K. we charge a program tuition largely to cover costs that allow us to support a large team and "live-in" costs for the companies.
in the past we have invested $50K per company and charged a $15K program tuition, for a net $35K. under the new structure, companies will receive more than double the previous amount (net $35K -> net $75K).
- Dave mcclure
1 month ago on